FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BanRep Unchanged At 13.25%, As Expected

COLOMBIA
  • The Colombian central bank unanimously decided to keep the overnight rate unchanged at 13.25%. The committee reiterated that the decision remains compatible with the objective to return inflation to the 3% target and that future decisions will remain dependent on forthcoming data.
  • On inflation, the statement highlighted that progress continues to be made in controlling inflation, which is reflected in improving expectations. However, “headline inflation remains high relative to the target, and rigidities in core inflation persist”.
  • The board acknowledged the underwhelming data since the last meeting, which suggests that the slowdown in economic activity during Q2 would have been greater than expected, however, the labour market has continued to perform well.
  • Full statement here.
  • The central bank will release the quarterly Monetary Policy Report on Wednesday, and the minutes for this meeting the following day. It is expected that BanRep’s technical staff will update their forecasts for headline & core inflation, GDP, the output gap and the current account over the relevant horizon for monetary policy.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.